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Abby purchased 100 shares of her dads favoritestock for

Engineering Economy (1) | 16th Edition | ISBN: 9780133439274 | Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling ISBN: 9780133439274 207

Solution for problem 1.11 Chapter 1

Engineering Economy (1) | 16th Edition

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Engineering Economy (1) | 16th Edition | ISBN: 9780133439274 | Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Engineering Economy (1) | 16th Edition

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Problem 1.11

Abby purchased 100 shares of her dads favoritestock for $25.80 per share exactly 1 year ago, commissionfree. She sold it today for a total amount of$2865. She plans to invest the entire amount in adifferent corporations stock today, but must nowpay a $50 commission fee. If she plans to sell thisnew stock exactly 1 year from now and realize thesame return as she has just made, what must be thetotal amount she receives next year? Include thecommission fee as a part of the purchase price, butneglect any tax effects.

Step-by-Step Solution:
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Weekly Notes #2) Week 2 Notes mutually Theorems f exclusive ) • PCA , U Az ) =p (A Dtp CAD A A 2 The Union Ai and Az is to the addition of ' Ai Az of both which equal the universal . and , of equal set • If A = A U U for then Az U .. . Am and

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Chapter 1, Problem 1.11 is Solved
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Textbook: Engineering Economy (1)
Edition: 16
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
ISBN: 9780133439274

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Abby purchased 100 shares of her dads favoritestock for